8167-07 Request Structural Balance of General Fund

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BE IT RESOLVED BY THE CITY OF LAKEWOOD, STATE OF OHIO: Section 1. That Council and the Mayor will work together to achieve ffnancial structural balance for the Fiscal Year 2008 General Fund Budget, hereby- committing to a core services exercise, as suggested by Council and recommended by the Grow Lakewood Structural Balance Task Force (formerly known as the Citizens Financial Advisory Grou~p) on March 8, 2007, to commence n April of 2007, to be completed no later than September 1,2007; congnuing to develop and act upon the fiscal strength strategies as presented by the Director of Finance and others that will be updated and reported on a monthly basis; · agreeing to work with and use the experiise of community leaders and volunteers, such as, but not limited to, the Grow Lakewood Structural Balance Task Force, to employ strategies to (i) increase municipal revenues, (ii) reduce operating costs of City government, (iii) create and promote efficiencies within City departments and divisions, and (iv) reallocate existing resources~ if necessary, to build and maintain a reliable infrastructure, both physical and technological, and ensure a stand~rd of excellence for essential City services; and, requesting the Task Force submit a report of [ts recommendations to Council and the Mayor prior to October 1, 2007 in order for these recommendations to be considered as an addendum to the other accomp[ishmects towards fiscal strength and flexibility that may be incorporated into the Estimated Revenues and Expenditures document suSmitted to Council by the 15~ of November per Article III, Section 14 of the Second Amended Charter of the City of Lakewood Section 2 It is found and determined that all formal actions of this Council concerning and relating to the passage of this resolufion were adopted in an open meeting of this Councih and that all such deliberations of this Council and any of its committees that resulted in such formal action, were in meetings open to the public, in compliance with all legal requirements Section 3. That this Resolution is hereby declared to be an emergency measure necessary for the usual daily operation of City for the reasons set for[h in the preamble to IMs Reso~ction, and provided it receives the affirmative vote of at least five of its members elected to Council, this Resolution shall take effect and be in force immediately upon its adoption by the Council and approval by the Mayor otherwise, it shall take effect and be in force ~ffer the earliest period allowed by law President cle!k